Sotheby makes historic sale in American silver with a massive $5,906,500 silver bowl

Everybody likes antiques; it blends even with the most modern of décors, showing that the house owner still appreciates beautiful artifacts of the yester-years. What better place to look for antiques than at auctions? Well, Sotheby’s made a new record when they sold a Silver Punch Bowl crafted by Cornelius Kierstede, in New York between 1700 and 1710. It was estimated to fetch anywhere between $400 and 800,000. But the bid opened at a whopping $275,000 and started at a staggering $500,000! The bid ended with a generous mystery collector who spent stunning $5,906,500! The silver punch bowl, a part of Sotheby’s sale of Important Americana, has descended from the family of Commodore Joshua Loring, in Jamaica Plain, Massachusetts, the Loring-Greenough House, which is now being preserved as an historic site.Source